Computers have become the backbone of the world today. Is there a time bomb slowly ticking down inside of the computers that run everything from your laundry machine to Wall Street? "The year 2000 bug is a flaw in the programming of embedded chips in most electronic devices"(Outsmarting 2). These chips only calculate the date in the ending 2 digits of the year. For instance, the date 1-1-1999 in the computer comes out 1-1-99. "When the year 2000 comes around, the computers will think that it is the year 1900"(2). Any program or system that relies on dates to perform certain functions, such as calculating ages, time periods, or payrolls is at risk of crashing on the stroke of midnight. Programmers in the 1970's were saving a lot of space in programming by only using the last 2 digits of the year. They had no insight into the problem they were creating by cutting this programming corner. The justification for cutting this corner was two fold. First, think of all of the coding and coding time they saved if the date is calculated over 1 million times in a single computation. Second, in those early years, disk storage space was at a premium and severely limited by today's standards. It was important to make the best available use of storage space. For this reason that they entered only the last 2 digits of the year in the old programming. Because only date sensitive programming is at risk, however if or when the Y2K bug hits, the damage will be minimal at most.
For those people who plan to move to the country and sell all of their possessions in order to get away from the effect, do not leave just yet. The year 2000 bug will not be the end of the world. Many think that they will start a rural community and it will be their little Garden of Eden. If the year 2000 bug strikes, it will strike everything everywhere, even in rural Montana. The problems will be universal.
People believe that they can rely on insurance to cover their assets are facing another problem created by the year 2000 bug. Insurance companies are calling all of their current clients informing them that their coverage does not include losses due to the year 2000 bug. However, lawyers and law firms are gearing up for what they believe will be a windfall, based on millennium bug claims
Throughout the day we are constantly checking the time, preparing for the upcoming months, and keeping track of the year. Clocks tell us the time we use as a measurement. It’s how we keep track of those important months and events, such as holidays and birthdays. Although there are many investigations and research being done on the nature of time, many unresolved issues remain.
When good claims go bad, “ beneficiaries who aren’t covered; services that payers say aren’t reasonable and necessary; provided services that weren’t covered; duplicate bills ...
Claimant fraud is very serious, but has more than its share of attention in the media, completely blowing the problem out of proportion. The Press Democrat found that, "While some insurance companies claim one out of three workers lie about their injuries, or 33%, the actual number of fraud cases sent to prosecutors is less than one out of one hundred, or less than 1%." In New York, for example, over $6 million in insurance fraud was documented, less...
Before Obamacare was passed, millions of Americans were uninsured, suffered and died prematurely each year since lack of health insurance. Insurance companies could deny any one for pre-existing illnesses or drop them when they get sick, or stop treating them when they touched annual or life-time perimeters. Over 60% of bankruptcies were associated to medical expenses, several of these people had insurance. Insurance companies had no limits on raising premiums. Preventative measures and wellness visits were not covered adequately (Mowrey, 2013).
Upon listening to the case, the Supreme Court contends that the uncommon insurances concurred by the fourth revision don't stretch out to open fields. Open fields don't give the se...
Business Insurance News, Analysis & Articles. Web. The Web. The Web.
Disappointment in financial risk management takes various structures, the greater part of which are exemplified in the present emergency. For instance, risk appraisals are regularly taking into account chronicled information, for example, changes in house costs after some time. Yet, fast financial advancement, including securitized subprime contracts, has made such information untrustworthy. Also, a few risks are missed on the grounds that they are covered up in excessively complex reports that leaders cannot get it (Stoian & Stoian, 2016).
Kevin Mitnick, "the worlds most notorious hacker" hacked into his first computer at the age of 16 when he hacked into Digital Equipment Corp. ( DEC) by phoning the company and claiming to be the lead developer of a new product (Weintraub, 2003). DEC then proceed to give him the passwords needed to hack into their system. Many of the jobs that Mitnick pulled exploited the ignorance of humans rather than the security software of the companies. Based on what he accomplished, he showed that a path can be made into a system without a computer or modem. This "social engineering", was Mitnick's forte. Mitnick tries to warn corporations now that "There is no patch for stupidity." (Mitnick, 2003) We are getting to an era in life were humans are not smart enough to run the machines they created. Someday computers may be run and created by other computers completely making humans obsolete in the realm of computer operation. This is a very scary thing to think about. When computers start having the ability to run themselves without human interference who knows what will happen. This is a fear that is embedded into the minds of many luddites. Where will this new technology end up? How far will it go before it destroys the integrity of life as it is now?
The annuities department was faced with an accounting problem. The current accounting system would be obsolete in a few years and our business customers are currently experiencing resource issues when problems arise and support for this system is required.
To capture Kingwells work in a small space is difficult. With his long and drawn out explanations of why millennium is, for many, the beginning of the end, Kingw3ell states that “almost every century since the 1100’s has… brought increased anxiety…at its close.” Shortly after stating this, he goes on to describe many events in the past that support this statement. He talks of calendars and their significance in the past and relates them to those of today. For example Kingwell tells us that, “it wasn’t until the 1290’s…that the centuries began to take on the shape they have now for us.” He then adds that, “not until the 1690’s …people began to see themselves as products of a given century.” From these facts we could conclude that the millennium issue didn’t even occur to people until less than 500 years before it.
The September 11th terrorist attacks have had both positive and negative impacts on the use of computers and technology. It is hard for many to believe that good things can come from bad situations. In this case it took a terrorist attack to make us realize that there is room for improvement in the quality of our technology that we rely so much on today.
The problem is that, once global warming is something that most people can feel in
Users losing billions due to bugs. By: Thibodeau, Patrick; Rosencrance, Linda. Computerworld, Jul2002, Vol. 36 Issue 27, p1, 2p; (AN 6955885)
Since the beginning of time, humans have thought and made many inventions. Repeatedly the newer one is better than the older. Our minds have created many remarkable things, however the best invention we ever created is the computer. computers are constantly growing and becoming better every day. Every day computers are capable of doing new things. Even though computers have helped us a lot in our daily lives, many jobs have been lost because of it, now the computer can do all of the things a man can do in seconds! Everything in the world relies on computers and if a universal threat happens in which all computers just malfunction then we are doomed. Computers need to be programmed to be able to work or else it would just be a useless chunk of metal. And we humans need tools to be able to live; we program the computer and it could do a lot of necessary functions that have to be done. It is like a mutual effect between us and he computer (s01821169 1).
The continuous use of a non-uniform time scale by including leap seconds, will definitely cause problems in many walks of life especially now that technology relies heavily on satellite communications that require precise timekeeping. Getting rid of leap seconds will imply moving forward and taking advantage of the new timekeeping methods. As much as we love our beloved earth, it is time to realize that celestial time is not every accurate in this new age of technological development and more precise methods of timekeeping.